Government of Canada Extends Mineral Exploration Tax Credit for Investors in Flow-Through Shares
On March 28, 2024, the federal government announced, amid market uncertainty, that it would be extending the 15 percent Mineral Exploration Tax Credit METC for investors in flow-through shares for one additional year, until March 31, 2025.1 The METC, which was previously set to expire on March 31, 2024, is a credit designed to help companies in the capital-intensive mineral exploration industry raise equity funds by supplementing the tax deduction benefits associated with flow-through share investments in mineral exploration.
Source: bennettjones.com
